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Economy to expand by 5 percent

Aditya Suharmoko ,  The Jakarta Post ,  Jakarta   |  Thu, 08/20/2009 5:43 PM  |  Business

The government expects the economy to expand at a faster than expected rate of 5 percent by improving spending and fostering a healthy investment climate.
 
"To push private and government consumption, we are attempting to increase people's purchasing power by controlling inflation and boosting realized spending," Finance Minister Sri Mulyani Indrawati told a plenary session at the House of Representatives on Thursday.
 
"To exceed our investment growth target, there will be measures taken to enhance the investment climate, recovery on the bank lending expansion and acceleration of infrastructure development."
 
The economy is estimated to expand 4.3 percent this year.